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Sunday, July 27, 2025

River Grove home prices rise in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in River Grove rose by $56,500 while total sales increased by 25.7%, according to BlockShopper.com.

From October through December of 2017, there were 44 homes sold, with a median sale price of $207,500 - a 37.4% increase over the $151,000 median sale price for the same period of the previous year. There were 35 homes sold in River Grove in the fourth quarter of 2016.

The median sales tax in River Grove for 2017 was $5,350.89. In 2016, the median sales tax was $5,160. This marks an increase of 3.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.

The following table compares River Grove to other Cook County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Indian Head Park352634.6%$225,000$224,5000.2%
Palatine3082867.7%$220,000$201,2509.3%
Willow Springs342254.5%$219,750$185,00018.8%
Des Plaines289306-5.6%$215,500$203,5005.9%
Roselle1118-38.9%$211,500$284,500-25.7%
River Grove443525.7%$207,500$151,00037.4%
Berwyn1821697.7%$200,000$205,000-2.4%
Franklin Park826232.3%$198,750$183,5008.3%
Hickory Hills45419.8%$195,000$187,0004.3%
Rolling Meadows7992-14.1%$191,000$200,000-4.5%
Wheeling1189721.6%$189,250$170,00011.3%

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